The recent rise of profits in the United States

Edward N. Wolff
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Edward N. Wolff: Department of Economics, New York University, New York, NY 10003, USA; Tel.: + 1-212-998-8900; fax: + 1-212-995-4186. edward.wolff@Pnyu.edu

Review of Radical Political Economics, 2001, vol. 33, issue 3, 315-324

Abstract: Profitability in the United States has been rising since the early 1980s, and by 1997 was nearing its postwar peak in the mid-1960s. The profit share has also recovered from its postwar low in the early 1970s. In this paper, I examine the role of the change in the profit share and capital intensity on movements in the rate of profit between 1947 and 1997. Its recent recovery is traced to a rise in the profit share in national income and a decline in the capital-output ratio.

Keywords: Profits; Wages; Labor productivity; Surplus value (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:33:y:2001:i:3:p:315-324

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